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Vacant houses

The World Has Millions Of Vacant Homes

October 28, 2021 Better Dwelling. , , ,
The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold. Rather than pondering why it’s so attractive to have vacant homes, many countries doubled down on reasons to hoard. If we only build more homes and give the investors cheap money, there can be enough to hoard too, right? I mean, you almost tried, so partial points. Let’s take a look at how bad the issue has become.

Nearly 1,000 Homeless People Died In LA In 2020 As 93,000 Homes Sit Vacant

November 3, 2020 Alex Ferrer, Terra Graziani and Jacob Woocher, Truthout. , , ,
In many major metropolitan areas across the United States, there are far more vacant homes than people experiencing homelessness. This is true in New York City, it’s true in the Bay Area, and as our new report shows, it’s true in Los Angeles. Here, there are 93,000 vacant homes compared to just over 41,000 unhoused people. Our report, the product of a collaboration between UCLA School of Law and the community-based nonprofits Strategic Actions for a Just Economy and Alliance of Californians for Community Empowerment, is perhaps the most detailed look yet at the characteristics of residential vacancies situated in the broader speculative housing market in any city in the United States.

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